Stock Symbol: MP
Outstanding Shares: 29.8 million
Web Site: www.microplanet.com
SEATTLE, June 15 /CNW/ - MicroPlanet Technology Corp. (TSXV:MP)
("MicroPlanet" or the "Company"), today announced that all of the matters of
business proposed at its Annual and Special Meeting of shareholders held on
June 13, 2007 were approved by the Company's shareholders, including the
election of David Andrews, S. David Freeman, Brett Ironside, Myron Tetreault
and Thomas Van Horn as its board of directors for the upcoming year.
"Over the course of the past year, MicroPlanet has worked diligently to
execute on its strategic plans and to communicate progress towards key
objectives to its investors. We are grateful for the support and encouragement
of our shareholders and look forward to rewarding them further through
continued increases in our share price as the Company achieves success," said
Myron Tetreault, Chairman of the Board.
All five of the directors have recently exercised a total of 512,225
options to purchase common shares of the Company. "The directors made this
investment in a continued show of support for the Company and to express their
confidence in the ability of the MicroPlanet's management to transition the
Company from initial pilot orders to full commercialization of its
technologies," said Mr. Tetreault. The Company has granted a total of 670,000
options to purchase common shares at an exercise price of $0.50 per share to
the five directors of the Company, in part, to replace those options that were
In accordance with the Company's stock option plan, a maximum of 10% of
the issued and outstanding common shares of the Company are reserved for
issuance pursuant to the exercise of stock options to be granted under the
About MicroPlanet Technology Corp.
MicroPlanet's technology reduces the total amount of energy we need to
produce by significantly increasing the efficiency of the electric grid.
MicroPlanet's products dynamically manage the voltage delivered to a business
or home which saves energy, improves utility services and helps reduce
MicroPlanet is a public company whose common shares are listed for
trading on TSX Venture Exchange under the symbol: "MP". The Company has
approximately 29.8 million common shares outstanding. Visit MicroPlanet at:
www.microplanet.com and www.investorfile.com.
MicroPlanet is a trademark of MicroPlanet. All other trademarks and
registered trademarks are those of their respective companies.
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE
ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS
FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED
ANNUAL AND QUARTERLY FINANCIAL REPORTS AND ANNUAL INFORMATION FORM.
ACCORDINGLY, NO ASSURANCES CAN BE GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY
THE FORWARD-LOOKING INFORMATION WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO
SO, WHAT BENEFITS THE COMPANY WILL DERIVE THEREFROM.
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE
INFORMATION CONTAINED HEREIN.
For further information:
For further information: MicroPlanet Company Contacts: Bruce Lisanti,
President & Chief Executive Officer, Tel: (206) 625-0851,
firstname.lastname@example.org; Andy Larson, Chief Financial Officer, Tel: (206)
625-0851, email@example.com; MicroPlanet Investor Relations: Gerry
Wimmer, INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,